When I initiated coverage on Xerox (NYSE:XRX), I concluded that the stock wasn’t dead, and in January, I opined the name was also not “dead money.” That is important to reiterate. But this once stellar blue chip has certainly fallen from grace, big time. I then told you that the company was “not dead yet.” But friends, are we approaching the death of Xerox? I mean, it has been struggling for a long time. I suggested on nice dips you could buy simply for the yield and collect the dividend, but growth was nowhere to be found. I said had in my prior work numerous times that we needed to see some improvement in the underlying metrics before I could get behind the name. Well, in the past three months, the stock has moved sideways to higher, but will there be sustained momentum? That is tough to tell, but the name has been downgraded and the most recent earnings were not great.
The truth is that performance has been pitiful of late and is the reason shares have declined. Well here, Q3 shows that there are still declining revenues. Revenue as a whole came in at $4.21 billion, and this messed estimates by $100 million. However, this was also down 5.4% year over year, continuing a string of declining quarters. In addition the degree of declining revenues seems to be picking up and this is real bad news. Of course, as I have discussed in-depth in other articles, the strong dollar has hurt companies with international businesses.
Top 10 Blue Chip Stocks To Buy For 2017: Bank Of Montreal(BMO)
- [By Mitchell Clark]
Banks can produce solid earnings growth in the early stages of a rising interest rate environment. This Canadian bank is not expensively priced on the stock market. It currently has an over four percent dividend yield.
The Canadian banking market is small, but it’s protected from foreign ownership and most of the names in this industry have great long-term track records on the stock market.
- [By Monica Gerson]
Bank of Montreal (USA) (NYSE: BMO) is expected to report its quarterly earnings at $1.76 per share on revenue of $5.02 billion.
EVINE Live Inc (NASDAQ: EVLV) is projected to report a quarterly loss at $0.10 per share on revenue of $162.13 million.
Top 10 Blue Chip Stocks To Buy For 2017: Richmont Mines, Inc.(RIC)
- [By Sally Jones]
Richmont Mines Inc. (RIC)
Down 70% over 12 months, Richmont Mines Inc. has a market cap of $56.23 billion, and trades with a P/B of 0.60.
Top 10 Blue Chip Stocks To Buy For 2017: Mitsubishi Corporation (MSBHY)
- [By SEEKINGALPHA.COM]
Renault Nissan (OTC:RNSDF) (NSANY)/Mitsubishi (OTCPK:MSBHY) (MMTOF)
On December 20, Green Car Reports reported: “Mitsubishi electric cars to use Nissan-Renault platforms.” Remember Mitsubishi has the US$22,995 all-electric 16 kWh iMiEV coming out in 2017.
- [By SEEKINGALPHA.COM]
Earlier in 2016, Mitsubishi released its 2017 i-MiEV. It is fully electric, with a 16 kWh lithium-ion battery pack and a range of 62 miles. Basically just a short trips car, as the range is really very low. Mitsubishi also has its popular plug in hybrid Outlander model that sells quite well. As stated last month, the company announced “plans to launch a compact EV with 250-mile range by 2020”. Mitsubishi is currently ranked 7th in global EV sales.
Top 10 Blue Chip Stocks To Buy For 2017: Caesars Entertainment Corporation(CZR)
- [By AlphaStreetResearch]
Caesars Entertainment Corporation (CZR) is a highly overvalued gaming, hotel, and entertainment company with deteriorating fundamentals on all levels in a highly competitive environment. The company’s stock has seen a massive run to the upside on the coattails of other casino and entertainment companies in the space. A considerable catalyst for the push higher in these stocks is the good news coming out of Macau, but this is an area where Caesars has absolutely no exposure and will be locked out of for the foreseeable future after failing to take appropriate licensing measures. Below is our introduction into the business model, its weaknesses, and the new selling or shorting opportunity that exists for CZR after the recent appreciation in share price. Investors will soon realize that there is little upside value in this company and that there are much better opportunities in this space. The company is now amidst a major struggle from a debt standpoint with major deadlines approaching over the next year and a half. The company is in no position to thrive going forward unless major steps are taken to overhaul the company’s capital structure. Caesars Entertainment has a market cap of $3.19 Billion after the stock has moved up over 225% year to date and reports its next quarter on October 31, 2013. With this in mind, we value CZR at $21.00 by year-end of 2013 and $14.00 by August 1, 2014, a decrease of 40% from current levels. We will later highlight:
- [By Michael E. Lewitt]
Back in April, I recommendedCaesars Entertainment Corp.(Nasdaq: CZR) as a buy – but warned you that this was a play that might take some time to mature.
Top 10 Blue Chip Stocks To Buy For 2017: 3D Systems Corporation(DDD)
- [By Steve Symington]
3D Systems (NYSE: DDD ) may have started selling its affordable Cube line of 3-D printers at Staplesin June, but on Tuesdaythe additive manufacturing stalwartannounced that it has acquired The Sugar Lab, a California-based “start-up micro-design firm” which, just like it sounds, specializes in the 3-D printing ofreal sugar.
- [By Daniel Ferry]
Interest in 3-D printing, the process of manufacturing by printing successive layers of material on top of each other to create a finished product, has surged recently, with technology blogs, business journalists, news radio, and even Taco Bell commercials touting the industry as a transformative step forward. Accordingly, the stock price of the two largest 3-D print companies, 3D Systems (NYSE: DDD ) and Stratasys (NASDAQ: SSYS ) , have soared, pushing valuations up to dizzying heights. What have the companies been doing with their high-flying stocks? So far, they’ve mostly been deploying them to rapidly consolidate their fragmented industry. News from the two big players this week shows they have no plans of slowing down.
- [By Paul Ausick]
Short interest in 3D Systems Corp. (NYSE: DDD) slipped by 1.7% to 27.25 million shares. Some 25.7% of the company’s float was short. Days to cover fell from 11 to seven. In the two-week short interest period, the share price rose by 1.1%. The stock’s 52-week trading range is $6.00 to $19.76, and shares closed at $14.88 on Friday, down about 1.6% on the day.
- [By Lisa Levin]
Shares of 3D Systems Corporation (NYSE: DDD) got a boost, shooting up 11 percent to $18.43. BofA Merrill Lynch upgraded 3D Systems from Underperform to Buy, while raising the price objective from $11 to $26.
- [By Roberto Pedone]
One technology player that insiders are loading up on here is 3D Systems (DDD), which operates as a provider of 3D printing centric design-to-manufacturing solutions in the U.S., Germany, the Asia-Pacific, and other European countries. Insiders are buying this stock into major weakness, since shares have dropped big by 61% so far in 2014.
3D Systems has a market cap of $3.9 billion and an enterprise value of $3.5 billion. This stock trades at a premium valuation, with a trailing price-to-earnings of 178 and a forward price-to-earnings of 34. Its estimated growth rate for this year is -14.1%, and for next year it’s pegged at 42.5%. This is a cash-rich company, since the total cash position on its balance sheet is $377.33 million and its total debt is $9.89 million.
A director just bought 26,479 shares, or about $881,000 worth of stock, at $33.09 to $33.20 per share.
From a technical perspective, DDD is currently trending well below both its 50-day and 200-day moving averages, which is bearish. This stock has been downtrending badly for the last five months, with shares sliding sharply lower from its high of $69.56 a share to its new 52-week low of $32.64 a share. During that downtrend, shares of DDD have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of DDD have now started to rebound off that $32.64 low and it’s beginning to move within range of triggering a near-term breakout trade.
If you’re bullish on DDD, then I would look for long-biased trades as long as this stock is trending above its new 52-week low of $32.64 a share and then once it breaks out above some near-term overhead resistance levels at $37.10 to $38.66 a share and then above $39.15 a share with high volume. Look for a sustained move or close above that level with volume that registers near or above its three-month average volume of 3.16 million shares. If that breakout develops soon, then DDD will set up
- [By Peter Graham]
A long term performance chart shows shares of Stratasys, Ltd along with other 3D printing stocks like small caps3D Systems Corporation (NYSE: DDD), ExOne Co (NASDAQ: XONE)and Voxeljet AG (NYSE: VJET) all peaking a few years and all showing some signs of stabilization this year:
Top 10 Blue Chip Stocks To Buy For 2017: Agenus Inc.(AGEN)
- [By Lisa Levin]
Agenus (NASDAQ: AGEN) rose 22.99% to $3.37 after the company reported positive follow-on Phase 2 results for brain cancer vaccine.
Aeropostale (NYSE: ARO) shares jumped 18.23% to $10.18 after private equity firm Sycamore Partners bought a 7.96% stake in the company.
Top 10 Blue Chip Stocks To Buy For 2017: Smith & Nephew SNATS, Inc.(SNN)
- [By Charles Carlson, CEO and Portfolio Manager, Horizon Investment Services]
For investors looking for growth but also income, I especially like three health-care related stocksFresenius Medical (FMS), Novo Nordisk (NVO), and Smith & Nephew (SNN).
Top 10 Blue Chip Stocks To Buy For 2017: DigitalGlobe, Inc(DGI)
- [By Scott Rubin]
Stock gainers included DigitalGlobe (NYSE: DGI), which jumped almost 17 percent on a strong earnings report, and B&G Foods, Inc.(NYSE: BGS) which added 13 percent after its Q2 report. Shares of Western Digital (NASDAQ: WDC) lost more than 11 percent after its quarterly earnings results disappointed Wall Street.
Top 10 Blue Chip Stocks To Buy For 2017: PacWest Bancorp(PACW)
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
Top 10 Blue Chip Stocks To Buy For 2017: CBOE Holdings Inc.(CBOE)
- [By CNNMoney Staff]
Stocks continued to rally despite the fact that options trading was temporarily halted Monday afternoon at exchanges run by CBOE Holdings (CBOE), Nasdaq OMX (NDAQ), BATS Global Markets and Miami International Holdings due to issues at the Options Price Reporting Authority (OPRA), which provides trading data and price quotes.
- [By Saumya Vaishampayan var popups = $(“.socialByline .popC”); ]
Those who dabble in derivatives tied to the CBOE (CBOE) Volatility Index are placing bets that pay out if the stock market keeps swinging, and especially if it drops.